BUSINESS

UBA Group Launches Full Banking Operations In The UK

Published

7 years ago

March 1, 2019

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Three weeks after the UBA group launched its operations in Mali, the global financial city of London hosted a high level gathering of business and public sector leaders on Thursday February 28, 2019, as the new UBA franchise, UBA UK was formally birthed in the United Kingdom amidst high expectations.

At the upscale ceremony which held at The Prestigious Shard in the city of London, UBA UK was formerly introduced to business leaders across Europe and Africa with a commitment from the UBA Group of its readiness to galvanise trade and commerce between Europe and Africa.

The formal launch is sequel to the authorization of the Prudential Regulation Authority(PRA) and the Financial Conduct Authority(FCA) for UBA UK Limited to carry out full scale wholesale banking across the United Kingdom.

With this launch, UBA Group further consolidates its unique positioning as the first and only Sub-Saharan African financial institution with banking operations in both the United Kingdom and the United States, thus reinforcing its strong franchise as Africa’s Global Bank, facilitating trade and capital flows between Africa and the world.

Speaking at the event, the Group Chairman, Mr. Tony Elumelu said the Group is excited by the authorization of the relevant regulatory authorities in the United Kingdom for UBA to upgrade its operation and further fulfil its aspiration of deepening trade and investments flows between Africa and Europe.

“The enhancement of our business in the United Kingdom is very timely and mutually beneficial for African and European corporates as well as respective governments. With the British and other European governments seeking new and improved measures to grow trade relations with Africa, we are enthusiastic on our positioning and capabilities in supporting corporates and government institutions to fulfil these lofty aspirations, which we believe are pertinent for the sustainable growth of both continents.”

Elumelu expressed that he is extremely pleased as UBA is living up to its mantra of being Africa’s global bank and positioning itself to support investors in key financial centres across the world.

Also speaking at the event, The Group Managing Director/CEO, Mr. Kennedy Uzoka, noted that, “UBA Group is the most efficient gateway for European corporates and institutions to access Africa, given the bank’s expansive network across most impact markets on the continent and its deep knowledge of the business terrains in Africa. According to him, “Simultaneously, we are serving the trade and capital needs of our African customers, who are seeking exposure to the European markets. With the upgrade of UBA UK Limited, we are excited to deepen our support to existing customers whilst also providing the leverage for new customers to effectively fulfil their cross-border transactions through UBA Group’s network.”

On his part, the CEO, UBA UK, Mr. Patrick Gutmann, said; “We are now on a stronger footing, as the authorization of the PRA and FCA for an enhanced business model affords us the opportunity to swell our capital and balance sheet as well as the broader UBA Group’s network across Africa. We welcome our existing and new customers to this new world of borderless opportunities, as we creatively serve our customers in meeting their international transaction needs.”

Some of the guests In attendance at the event were the President of Dangote Group, Alhaji Aliko Dangote; President, Afreximbank, Dr. Benedict Oramah; Former Prime Minister of Pakistan, H.E Shaukat Aziz; Member of the British House of Lords and Executive Committee Member of the All Party Africa Group, Rt. Hon Lord Anthony Tudor St. John amongst many others.

The event was not short on entertainment as one of Africa’s leading entertainer,s Dbanj performed to the admiration of guests including Star boy, WizKid.

United Bank for Africa (UK) Limited, previously named UBA Capital (Europe) Limited offers a full suite of treasury services, cash management, correspondent banking, corporate lending and wholesale deposit products to professionals and eligible counterparties. In addition, UBA (UK) Limited offers all aspects of structured and trade finance; issuance, acceptance, confirmation and refinancing of Letters of Credit of different variations, including SBLCs.

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BUSINESS

UBA Business Series Set to Spotlight Africa’s New Generation of Female Leaders During Women’s Month

Published

5 days ago

March 9, 2026

PorscheClassy News

Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to host a special edition of its impactful quarterly UBA Business Series, which will be specifically focused on celebrating and empowering the modern woman with the theme: “gen w – ‘The Evolved Woman.’

The session, which is scheduled to hold on Wednesday, March 12, 2026, from 11 AM at UBA House, Lagos, will bring together an array of accomplished female leaders and professionals who will share insights, experiences, and practical strategies for navigating ambition, leadership, and growth in today’s dynamic environment.

The session will also be streamed live across all UBA digital platforms, and interested participants can register to attend virtually or in person via this link: on.ubagroup.com/tfig.

This edition of the Business Series aims to move the conversation around women intensely forward, highlighting a new generation of women who are not simply seeking opportunities but confidently creating them. The discussion will explore how women today are shaping industries, leading businesses, and redefining success on their own terms.

The event will feature an inspiring lineup of speakers, including entrepreneur and founder of ORÍKÌ Group, Joycee Awosika; media personality & entrepreneur, Tomike Adeoye; entrepreneur and founder of Fine Funky, Olufunke Davies; and award-winning Broadcaster, Ayo Mario-Ese. The conversation will be hosted by media personality and actor, Tobi Bakre.

Panelists will share their personal journeys and perspectives on navigating professional spaces, building resilient businesses, embracing authenticity, and redefining leadership as women in a rapidly evolving global landscape.

Speaking ahead of the event, UBA’s Group Head, Marketing and Corporate Communications, Alero Ladipo, explained that the special edition of the Business Series reflects the bank’s firm commitment to supporting women for the critical roles they play in driving economic growth and innovation across Africa.

She said, “The modern African woman is evolving in remarkable ways. She is bold, visionary, and intentional about the spaces she occupies. Through this edition of the UBA Business Series, we want to celebrate women while also creating a platform where meaningful conversations around leadership, ambition, and opportunity can take place.”

The quarterly UBA Business Series has become a key knowledge-sharing platform designed to equip entrepreneurs, professionals, and business leaders with insights, tools, and strategies needed to grow sustainable enterprises as well as navigate the evolving business landscape.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France, and the United Arab Emirates, UBA provides retail, commercial, and institutional banking services, leading financial inclusion, and implementing cutting-edge technology.

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BUSINESS

CBN Affirms Alpha Morgan Bank’s Capitalisation As Bank Positions For Next Phase of Growth

Published

1 week ago

March 7, 2026

PorscheClassy News

The Central Bank of Nigeria (CBN) has affirmed the capitalization of Alpha Morgan Bank, marking an important milestone in the Bank’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution.

This affirmation reflects the Bank’s adherence to regulatory requirements and its strategic focus on strengthening its capital base to support sustainable growth, innovation, and improved service delivery to customers.

With this milestone, Alpha Morgan Bank is well-positioned to continue expanding its footprint with 14 approved branches across different states, while deepening inclusivity and enhancing the range of banking solutions available to individuals, businesses, and institutional clients nationwide.

Commenting on the development, the Managing Director, Mr. Ade Buraimo, expressed the bank’s readiness to ensure compliance with regulatory requirements and a good governance framework while delivering satisfactory banking services in line with the bank’s long-term vision to become the best bank to work at and a strong financial institution to reckon with.

‘Capitalisation is more than a regulatory requirement; it is an opportunity to strengthen the institution for the future. The affirmation of Alpha Morgan Bank capitalisation reflects the work we have done to build a solid capital foundation that allows us to support businesses more effectively, expand financial access, and continue delivering the level of service our customers expect,’’ he said.

Alpha Morgan Bank remains committed to maintaining strong corporate governance standards, sound risk management practices, and prudent financial management as it continues to support economic development and create long-term value for stakeholders.

As Alpha Morgan Bank enters the next phase of its journey, the institution will continue to scale its operation, invest in technology, expand its branch network and digital banking presence, whilst delivering reliable and satisfying banking experiences to its growing customer base.

Alpha Morgan Bank is a Nigerian commercial bank, committed to delivering satisfying banking through innovative solutions, strong corporate governance, and customer-focused services that support economic growth and financial inclusion. Learn more about Alpha Morgan Bank at www.alphamorganbank.com

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BUSINESS

Driving Growth Through Sustainability: FirstBank’s Commitment

Published

3 weeks ago

February 23, 2026

PorscheClassy News

Sustainability has become a critical priority for businesses and governments across the world, driving growth, innovation, and positive change. As the world grapples with climate change, social inequality, and economic uncertainty, organisations are recognising the importance of adopting sustainable practices that balance Environmental, Social, and Governance considerations.

In Nigeria, the sustainability agenda has become a mainstay, with companies like FirstBank leading the charge. As the leading financial institution in West Africa, FirstBank has made significant strides in promoting sustainability/ESG, with notable achievements in renewable energy, financial inclusion, and environmental conservation. The bank’s sustainability initiatives are anchored on three pillars: education, health and welfare; diversity and financial inclusion; and responsible lending, procurement, and climate initiatives.

One of the bank’s notable achievements is its investment in renewable energy. In 2025, FirstBank invested over $9 million in solar home projects across Africa, providing clean and affordable energy to communities. The bank also supported modular power plants with over N15 billion, enhancing energy access and reducing reliance on fossil fuels. Additionally, FirstBank fulfilled its three-year commitment with the Nigerian Conservation Foundation (NCF) to plant 51,000 trees across Nigeria, promoting biodiversity preservation and absorbing approximately 720 tonnes of carbon dioxide.

The bank’s sustainability initiatives extend beyond environmental conservation. Over 1 million students have been impacted with financial literacy skills, empowering them to make informed financial decisions and secure their futures. The bank partnered with CFA Society Nigeria on the CFA Universities Ethics Challenge. It was also a major partner of the 15th Junior Achievement Company of the Year competition, presenting the FirstBank CEO award to Team Mauritius (Plantura).

FirstBank has also invested in leadership development for over 2,000 female employees through the FirstBank Women Network, promoting diversity and inclusion in the workplace. The bank screened 340 corporate transactions for ESG risks worth almost ₦5 billion and $340 million for sustainability risks within the year, further integrating ESG considerations into its credit framework. The bank’s commitment to sustainability earned it numerous international awards and recognitions, including Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the prestigious Euromoney Awards for Excellence 2025, for the second time in a row.

Its commitment to climate governance was demonstrated in its corporate membership of Climate Governance Initiative (CGI) Nigeria, where the bank is a member of the Advisory Board. The bank is also part of the Steering Committee, overseeing operations and strategy. It participated in the Directors’ Engagement Series and led the adoption of IFRS S1 and S2 standards for transparent sustainability disclosures. FirstBank has implemented these standards, enhanced board oversight via its Board Risk Management Committee, and integrated climate considerations into risk management and decision-making.

As FirstBank continues to drive sustainable development in Africa, its efforts serve as a model for other financial institutions to follow. The bank’s achievements demonstrate that sustainability and business growth can go hand-in-hand, creating value for stakeholders and contributing to a more equitable and prosperous future. Looking ahead, FirstBank plans to expand its sustainability efforts through strategic partnerships and innovative solutions. The bank aims to increase its investment in renewable energy projects, expand its financial literacy programmes, and promote sustainable business practices.

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